1831 N C St - Apartments FOR SALE


Elwood, IN 46036
$179,900 USD
317-504-2663
1831 N C St, Elwood, IN for Sale
$179,900 USD
Apartments - FOR SALE
1/104
null | Request Cap Rate

1831 N C St
Elwood, IN 46036


OVERVIEW

Prime Rental Investment Opportunity! Unlock the potential of this four-unit rental property, perfect for investors looking to expand their portfolio. With three units currently leased on flexible month-to-month agreements, this property is an income-generating gem with room for improvement to maximize returns. Key Features: Multi-Unit Layout: Apartment A: 1 bed, 1 bath; vintage furnace, 5-year-old water heater, front entry. Apartment B: 1 bed, 1 bath; exclusive basement access, rear entry, water heater replaced 6-7 years ago. Apartment C: 2 beds, 1 bath; located upstairs in the main building. Apartment D: 1 bed, 1 bath; recently updated with a new roof and furnace in 2023, located above the garage. Utilities: Each unit has individual gas and electric meters, with tenants covering their own utilities. Water costs are managed by the property owner. Modernized electrical system with separate 100-amp panels for each unit. Exterior & Maintenance: Low-maintenance vinyl siding. Garage lower section utilized for storing property maintenance tools and equipment. Investment Highlights: Income Potential: Opportunity to boost rental income by addressing property improvements. Lease Details: Flexible month-to-month agreements with tenants responsible for gas, electric, and optional cable access. Security: All tenants have paid the first month’s rent and security deposits. Additional Insights: Contact the listing agent for detailed financials and rental income data. With its solid structure, recent updates, and untapped potential, this property is a prime opportunity to enhance your investment portfolio. No Touring of the Occupied Apartments without a purchase agreement. Serious inquiries only.

FOR SALE DETAILS

PRICE

$179,900 USD

PRICE/SF

$88 USD /SF

# OF UNITS

4

PRICE/UNIT

$44,975

CAP RATE

Request Cap Rate

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1908

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

Residential

APN/PARCEL ID

48-04-10-304-016.000-027

ASK ABOUT THIS PROPERTY

Albert StancatoHighgarden Real Estate, Inc.More Info
317-504-2663

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Albert StancatoHighgarden Real Estate, Inc.More Info
317-504-2663

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.